NEBRASKA LIFE AND HEALTH QUIZ QUESTIONS AND
ANSWERS LATEST UPDATED 2025/2026 A COMPLETE EXAM
SOLUTION ALL ANSWERS 100% CORRECT DETAILED BEST
RATED TO SCORE A+ FOR SUCCESS
Which of the following is NOT a characteristic of a group longterm disability plan? -
CORRECT ANSWERS The benefit can be up to 50% of one's yearly income
Workers Compensation benefits are regulated by which entity?
A) Federal Government
B) State Government
C) Employer
D) Insurer - CORRECT ANSWERS B) State Government
All of the following statements concerning workers compensation are correct EXCEPT
A) Workers compensation laws are establish by each state.
B) All states have workers compensation.
C) Benefits include medical, disability income, and rehabilitation coverage.
D) A worker receives benefits only if the work related injury was not his/her fault. -
CORRECT ANSWERS D) A worker receives benefits only if the work related injury was not
his/her fault.
A small business owner is the insured under a disability policy that funds a buy-sell
agreement. If the owner dies or becomes disabled, the policy would provide which of the
following? - CORRECT ANSWERS Cash out to the owner's business partner to accomplish
a buyout
Bethany studies in England for a semester. While she is there, she is involved in a train
accident that leaves her disabled. If Bethany owns a general disability policy, what will be
the extent of benefits that she receives? - CORRECT ANSWERS None
How long does the elimination period last for a Social Security Disability claimant? 12
months 5 months 0 months 6 months - CORRECT ANSWERS 5 months
,NEBRASKA LIFE AND HEALTH QUIZ QUESTIONS AND
ANSWERS LATEST UPDATED 2025/2026 A COMPLETE EXAM
SOLUTION ALL ANSWERS 100% CORRECT DETAILED BEST
RATED TO SCORE A+ FOR SUCCESS
Under which provision can a physician submit claim information prior to providing
treatment? - CORRECT ANSWERS Prospective review
Your client wants to know what the tax implication are for contributions to a Health Savings
Account. You should advise her that contributions are
A) Tax deductible.
B) Subject to personal income taxes.
C) Post-tax dollars.
D) Subject to capital gains taxes - CORRECT ANSWERS A) Tax deductible.
An insured has a major medical policy with a $500 deductible and a coinsurance clause of
80/20. If he incurs medical expenses of $4,000, the insurer would pay
a. $3,200.
b. $2800 - CORRECT ANSWERS b. $2800
Notifications of the birth of a newborn child and payment of the required premium must be
furnished to the insurance company within hw many days of birth? - CORRECT ANSWERS
31 days
Which of the following is NOT provided by an HMO?
a) Reimbursement
b) Services
c) Financing
d) Patient care - CORRECT ANSWERS a) Reimbursement
Which is true regarding HMO coverage? - CORRECT ANSWERS It is divided into
geographic territories
, NEBRASKA LIFE AND HEALTH QUIZ QUESTIONS AND
ANSWERS LATEST UPDATED 2025/2026 A COMPLETE EXAM
SOLUTION ALL ANSWERS 100% CORRECT DETAILED BEST
RATED TO SCORE A+ FOR SUCCESS
An applicant has a history of heart disease in his family, so he would like to buy a health
insurance policy that strictly covers heart disease. what type of policy is this? - CORRECT
ANSWERS Dread disease coverage
What process will the insurance company use to monitor the insured's hospital stay to make
sure that everything is proceeding according to schedule? - CORRECT ANSWERS
Concurrent review
The HMO Act of 1973 required employers to offer an HMO plan as an alternative to regular
health plans if the company had more than 25 employees. How has this plan since changed?
- CORRECT ANSWERS They no longer have to offer HMO as an alternative plan
An insured is receiving hospice care. His insurer will pay for painkillers but not for an
operation to reduce the size of a tumor. What term best fits this arrangement? - CORRECT
ANSWERS Cost-containment
HIPAA applies to groups of ___ or more. - CORRECT ANSWERS 2
Which of the following hospice expenses is not covered in a cost containment setting? a)
Antibiotic drugs b) Palliative measures c) Painkillers d) A specially designed hospital bed -
CORRECT ANSWERS antibiotic drugs
Which of the following would not be used in preventive care? - CORRECT ANSWERS
Chemotherapy
Which of the following is NOT a characteristic of a group long-term disability plan? -
CORRECT ANSWERS Contracting with insurance companies
What is the maximum number of employees that a company can have before it is too large
to be labeled as a small employer? - CORRECT ANSWERS 50
ANSWERS LATEST UPDATED 2025/2026 A COMPLETE EXAM
SOLUTION ALL ANSWERS 100% CORRECT DETAILED BEST
RATED TO SCORE A+ FOR SUCCESS
Which of the following is NOT a characteristic of a group longterm disability plan? -
CORRECT ANSWERS The benefit can be up to 50% of one's yearly income
Workers Compensation benefits are regulated by which entity?
A) Federal Government
B) State Government
C) Employer
D) Insurer - CORRECT ANSWERS B) State Government
All of the following statements concerning workers compensation are correct EXCEPT
A) Workers compensation laws are establish by each state.
B) All states have workers compensation.
C) Benefits include medical, disability income, and rehabilitation coverage.
D) A worker receives benefits only if the work related injury was not his/her fault. -
CORRECT ANSWERS D) A worker receives benefits only if the work related injury was not
his/her fault.
A small business owner is the insured under a disability policy that funds a buy-sell
agreement. If the owner dies or becomes disabled, the policy would provide which of the
following? - CORRECT ANSWERS Cash out to the owner's business partner to accomplish
a buyout
Bethany studies in England for a semester. While she is there, she is involved in a train
accident that leaves her disabled. If Bethany owns a general disability policy, what will be
the extent of benefits that she receives? - CORRECT ANSWERS None
How long does the elimination period last for a Social Security Disability claimant? 12
months 5 months 0 months 6 months - CORRECT ANSWERS 5 months
,NEBRASKA LIFE AND HEALTH QUIZ QUESTIONS AND
ANSWERS LATEST UPDATED 2025/2026 A COMPLETE EXAM
SOLUTION ALL ANSWERS 100% CORRECT DETAILED BEST
RATED TO SCORE A+ FOR SUCCESS
Under which provision can a physician submit claim information prior to providing
treatment? - CORRECT ANSWERS Prospective review
Your client wants to know what the tax implication are for contributions to a Health Savings
Account. You should advise her that contributions are
A) Tax deductible.
B) Subject to personal income taxes.
C) Post-tax dollars.
D) Subject to capital gains taxes - CORRECT ANSWERS A) Tax deductible.
An insured has a major medical policy with a $500 deductible and a coinsurance clause of
80/20. If he incurs medical expenses of $4,000, the insurer would pay
a. $3,200.
b. $2800 - CORRECT ANSWERS b. $2800
Notifications of the birth of a newborn child and payment of the required premium must be
furnished to the insurance company within hw many days of birth? - CORRECT ANSWERS
31 days
Which of the following is NOT provided by an HMO?
a) Reimbursement
b) Services
c) Financing
d) Patient care - CORRECT ANSWERS a) Reimbursement
Which is true regarding HMO coverage? - CORRECT ANSWERS It is divided into
geographic territories
, NEBRASKA LIFE AND HEALTH QUIZ QUESTIONS AND
ANSWERS LATEST UPDATED 2025/2026 A COMPLETE EXAM
SOLUTION ALL ANSWERS 100% CORRECT DETAILED BEST
RATED TO SCORE A+ FOR SUCCESS
An applicant has a history of heart disease in his family, so he would like to buy a health
insurance policy that strictly covers heart disease. what type of policy is this? - CORRECT
ANSWERS Dread disease coverage
What process will the insurance company use to monitor the insured's hospital stay to make
sure that everything is proceeding according to schedule? - CORRECT ANSWERS
Concurrent review
The HMO Act of 1973 required employers to offer an HMO plan as an alternative to regular
health plans if the company had more than 25 employees. How has this plan since changed?
- CORRECT ANSWERS They no longer have to offer HMO as an alternative plan
An insured is receiving hospice care. His insurer will pay for painkillers but not for an
operation to reduce the size of a tumor. What term best fits this arrangement? - CORRECT
ANSWERS Cost-containment
HIPAA applies to groups of ___ or more. - CORRECT ANSWERS 2
Which of the following hospice expenses is not covered in a cost containment setting? a)
Antibiotic drugs b) Palliative measures c) Painkillers d) A specially designed hospital bed -
CORRECT ANSWERS antibiotic drugs
Which of the following would not be used in preventive care? - CORRECT ANSWERS
Chemotherapy
Which of the following is NOT a characteristic of a group long-term disability plan? -
CORRECT ANSWERS Contracting with insurance companies
What is the maximum number of employees that a company can have before it is too large
to be labeled as a small employer? - CORRECT ANSWERS 50
